No, A Visa gift card is not the same as your regular Visa card. I used to think they were the same because my friends used to send me Visa Gift cards during my birthdays.
Later I realised that they served very different purposes but may have a very similar name. In this article, we are going to see how different they are.
See How to Get a Visa Card Gift Card
Differences between a Visa Card and a Gift Card
An open-loop prepaid card that may be used to make purchases from businesses that use Visa debit cards is called a Visa Gift Card.
Because Visa debit cards are accepted everywhere, Visa gift cards are as well. They include various pre-paid sums, including a Visa gift card for $100. Your spending limit is the amount that is placed on the card.
A standard Visa card is linked to your bank account in the meantime. The amount in your bank account directly affects your spending limit. They are used to monitor account balances, withdraw cash from ATMs, and make payments using POS devices.
A Visa gift card is quite handy and adaptable in terms of what you may spend it for, unlike most other retail gift cards, because it is not restricted by brand or retailer.
A Visa gift card will only be valid for the amount that the person who purchases it decides. It will have a set monetary value.
When you shop, it’s essential to keep track of the balance on your Visa gift card so you can see if you spend more than the gift card’s maximum. Due to the broad range of online and physical store availability, Visa gift cards are incredibly versatile.
Sadly, you are limited to using the card’s loaded balance. Unlike with a bank account, there is no overdraft protection.
You may easily make in-store purchases, pay bills, and buy online using Visa debit cards. However, a disadvantage of Visa debit cards is that they may be used for unapproved transactions and identity theft, among other types of fraud.